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Smart Meter Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Smart Meter Manufacturing Market Research Report | Technology | Water | Aug 2014

Smart power: The industry will thrive on rising energy consumption and housing starts

IBISWorld’s Smart Meter Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
General Electric Company General Electric Company  market share
Itron Itron market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
12.9%
Annual Growth 14-19
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Profit
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Employment
3,158
Businesses
51
Industry Analysis & Industry Trends

The industry has surged ahead in the past five years, fueled by growing demand for smart meters as utilities convert to smart grids. Revenue growth was also spurred by stimulus funds and rising electricity consumption rates. Rapid growth will continue in the next five years as more utilities embrace smart meter and smart grid technology and as new housing construction continues to recover aggressively.... purchase to read more

Industry Report - Industry Investment Chapter

The Smart Meter Manufacturing industry carries a moderate level of capital intensity. In 2014, the average industry firm will invest about $0.31 in capital equipment and expenditure for every dollar dedicated to wages. Most of these capital requirements are associated with startup costs. In order to enter the industry, firms are likely to invest in equipment and facilities needed in the actual manufacturing process. Additionally, the gradual move toward automated processes has inflated the capital costs associated with the industry. Despite being a technical product requiring a highly trained and highly knowledgeable staff, the move toward automation has eliminated the need for some peripheral labor. This has made many firms more heavily dependent on capital equipment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Smart Meter Manufacturing Industry?

This industry manufactures smart meters, which are electrical, gas or water meters that record consumption information in intervals of an hour or less and communicate this information back to the utility for monitoring and billing purposes. Smart meters enable two-way communication between the meter and the central system.

Industry Products
Electric metersGas metersWater meters
 
Industry Activities
Manufacturing electricity smart metersManufacturing gas smart metersManufacturing water smart meters


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